Results 1,861-1,880 of 11,861 for speaker:Brian Hayes
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: Section 40 provides for several technical amendments to restore the tax transparent nature of certain collective investment funds formed under the Investment Limited Partnerships Act 1994. The changes are made by creating a new section 739J of the Taxes Consolidation Act 1997 which provides for the tax transparency of investment limited partnerships by including them in the definition of an...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: The next time Deputy Boyd Barrett asks he will be aware of it. I understand it is a correcting section because these bodies lost the protection that had been in place under a previous amendment and this will restore it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: They have always had it and it has been part of the VAT code.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: When section 40 went through, these bodies lost the exemption and amendment No. 94 reinstates it. It is being reinstated because it has always been in place.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: It has always been there.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: The idea is that these exemptions are permitted under the VAT directive. If we did not have them we would be at a disadvantage to others.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: Other member states.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I suppose this is a competitive industry throughout the European Union in a circumstance where VAT directives, as a body of law, apply throughout member states. The question is that if we take one action in one area potential reactions could follow in terms of the viability or competitiveness of the industry. That is a position relevant to every form of taxation policy and we must consider...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: One of the great issues of the Finance Bill on Committee Stage is that to speak authoritatively on every aspect of taxation law and the full consolidated Acts, one would need two rooms, each twice the size of this one, to have all the Acts in place. My understanding is that all financial services are exempt from VAT. Our argument is that were we to change that position it would put that...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: That is why we are here.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: It is important that Deputy Boyd Barrett understands all of this before he votes on these matters. I agree.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: The VAT directive provides for VAT exemptions for certain financial services. It is in place throughout the European Union.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: Yes.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: Good. I take Deputy Boyd Barrett at his word.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: No.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 86: In page 127, line 37, after “ends” to insert “(other than where paragraph (h) applies)”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 87: In page 128, lines 23 and 24, to delete “subsection (2)(b)(i) or (3)(b)(i)” and substitute “subsection (2)(b)(i), (3)(b)(i) or (4)(b)(i)”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 88: In page 128, lines 34 and 35, to delete “subsection (2)(b)(i) or (3)(b)(i)” and substitute “subsection (2)(b)(i), (3)(b)(i) or (4)(b)(i)”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 89: In page 128, line 41, after “balance” to insert “(if any)”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)
Brian Hayes: I move amendment No. 90: In page 128, lines 44 and 45, to delete “subsection (2)(b)(ii) or (3)(b)(ii)” and substitute “subsection (2)(b)(ii), (3)(b)(ii) or (4)(b)(ii)”.